November 11, 2024
New Delhi, India
IPO Subscription Overview
ACME Solar Holdings recently concluded its IPO with a 2.89 times total subscription. The breakdown of subscriptions is as follows:
- Retail Investors: Subscribed 3.25 times.
- Qualified Institutional Investors (QIBs): Subscribed 3.72 times.
The IPO, which closed on November 08, is set for allotment finalization on November 11.
How to Check Allotment Status
To check the status of your allotment, follow these steps:
- Visit the Registrar Website
- The registrar for this IPO is Kfin Technologies.
- Navigate to Allotment Status
- Hover over the ‘Products’ section, select ‘IPO Allotment Status’.
- Select a Link
- Choose any one of the available five links for status checking.
- Enter Details
- Provide your PAN number, D’Mat account details, and complete the captcha.
- Submit
- Click ‘Submit’ to view the allotment status.
Also Read: Swiggy IPO Allotment Finalization Today: Steps to Check Status and Key Updates
Listing Date
- ACME Solar Holdings shares are scheduled to be listed on November 13 on both the NSE and BSE.
IPO Details
- Issue Size: The IPO aimed to raise ₹2,900 crore.
- Promoter Shares: 1.75 crore shares for ₹505 crore.
- Fresh Issue: 8.29 crore shares for ₹2,395 crore.
- Price Band: Set between ₹275 to ₹289 per equity share.
Minimum Investment Requirement
- Retail Investors: One lot of 51 shares, costing ₹14,739.
- Small Non-Institutional Investors (NIIs): Minimum of 14 lots (714 shares).
- Large NIIs: Minimum of 68 lots (3,468 shares).
Lead Managers
- Nuvama Wealth Management
- ICICI Securities
- JM Financial
- Kotak Mahindra Capital Company
- Motilal Oswal Investment Advisors
The IPO registrar is Kfin Technologies.
Founded in June 2015, ACME Solar Holdings is a key player in India’s renewable energy sector. The company specializes in developing, constructing, owning, and managing large-scale solar and wind power projects. As of March 31, 2024, it boasts an operational solar capacity of 1,320 MW, with an additional 1,650 MW in contracted projects and 2,380 MW currently under construction. ACME Solar’s primary revenue stream comes from selling electricity to central and state-backed agencies.
Keep an eye out for the listing on November 13 to check the market debut performance of ACME Solar Holdings.
Latest Q2 Results
Disclaimer:
CurrencyVeda provides this news article for informational purposes only. We do not offer investment advice or recommendations. Before making any investment decisions, please conduct thorough research, consult with financial experts, and carefully consider your financial situation, risk tolerance, and investment goals. Investing in the stock market carries risks, and it’s essential to make informed choices based on your individual circumstances. CurrencyVeda is not liable for any actions taken based on the information provided in this article.
